Short Interest in FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Grows By 745.4%

by · The Markets Daily

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI – Get Free Report) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 22,344 shares, an increase of 745.4% from the May 14th total of 2,643 shares. Based on an average daily volume of 49,943 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Flagship Harbor Advisors LLC acquired a new position in FlexShares Ultra-Short Income Fund in the 4th quarter worth about $38,000. Fifth Third Bancorp bought a new stake in shares of FlexShares Ultra-Short Income Fund during the 3rd quarter worth about $50,000. Arax Advisory Partners bought a new stake in shares of FlexShares Ultra-Short Income Fund during the 4th quarter worth about $53,000. Bank of America Corp DE bought a new stake in shares of FlexShares Ultra-Short Income Fund during the 4th quarter worth about $53,000. Finally, Birchwood Financial Partners Inc. bought a new stake in shares of FlexShares Ultra-Short Income Fund during the 4th quarter worth about $57,000.

FlexShares Ultra-Short Income Fund Stock Performance

RAVI stock traded down $0.01 during mid-day trading on Wednesday, hitting $75.25. The stock had a trading volume of 18,134 shares, compared to its average volume of 64,677. FlexShares Ultra-Short Income Fund has a 1-year low of $74.36 and a 1-year high of $76.65. The company has a fifty day moving average of $75.30 and a 200 day moving average of $75.39.

FlexShares Ultra-Short Income Fund Company Profile

(Get Free Report)

The FlexShares Ready Access Variable Income Fund (RAVI) is an exchange-traded fund that is based on the Bloomberg Global Aggregate Bond index. The fund is an actively managed fund that invests in an ultra-short-term portfolio of investment grade public and private debt issued domestically and abroad. RAVI was launched on Oct 9, 2012 and is managed by FlexShares.

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